Walt Disney (NYSE:DIS) Stock Price Down 0.6% Following Analyst Downgrade

Shares of The Walt Disney Company (NYSE:DIS) dropped 0.6% during trading on Tuesday after Moffett Nathanson lowered their price target on the stock from $130.00 to $125.00. Moffett Nathanson currently has a buy rating on the stock. Walt Disney traded as low as $97.10 and last traded at $97.45. Approximately 2,855,348 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 11,449,450 shares. The stock had previously closed at $98.04.

Other equities analysts have also recently issued research reports about the stock. Daiwa Capital Markets reissued a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. Wells Fargo & Company lifted their price objective on shares of Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Evercore ISI decreased their price objective on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Finally, Guggenheim lifted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $126.44.

Insider Buying and Selling at Walt Disney

In related news, Director James P. Gorman acquired 20,000 shares of Walt Disney stock in a transaction on Wednesday, May 8th. The stock was purchased at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $106.00, for a total transaction of $466,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James P. Gorman bought 20,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the purchase, the director now owns 20,467 shares in the company, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Walt Disney

Large investors have recently modified their holdings of the business. Planned Solutions Inc. purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $26,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. Fortis Group Advisors LLC purchased a new position in shares of Walt Disney during the 3rd quarter worth approximately $30,000. Stone House Investment Management LLC grew its holdings in shares of Walt Disney by 355.3% in the 4th quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares during the period. Finally, ESL Trust Services LLC acquired a new stake in shares of Walt Disney in the 1st quarter worth approximately $31,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.1 %

The firm has a market cap of $178.62 billion, a price-to-earnings ratio of 106.50, a PEG ratio of 1.23 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.69 and a current ratio of 0.75. The business has a fifty day moving average of $104.48 and a two-hundred day moving average of $104.77.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 EPS. As a group, equities analysts expect that The Walt Disney Company will post 4.76 earnings per share for the current fiscal year.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.